Own the competitive space in the Energy and Utilities industry

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Energy and Utilities industry overview

Star Storage solutions for the Next Generation Energy

Overview

Companies in energy sector are enhancing multichannel experiences to engage customers and meet their needs effectively, positioning themselves in the center of an ecosystem selling energy and non-energy services.

As a massive amount of controlled documentation is necessary, and any mistake may affect a human life or the organization’s reputation, companies need to ensure regulatory compliance, reduce risks, automate processes and increase operational efficiency.

Digital platforms are the next wave of change. The platform revolution will offer an opportunity to develop an entire system for electricity and beyond, spanning across the digital and physical worlds.

Challenges, Needs & Trends

  • The energy industry is under pressure to decarbonize. More than 75% of global energy supply currently depends on nonrenewable sources, contributing significantly to carbon dioxide (CO2) emissions.
  • The energy industry need to ensure regulatory compliance and reduce risks. A massive amount of controlled documentation is necessary, where a mistake at any level can affect a human life or the organization’s reputation;
  • Automate processes and increase operational efficiency. Operational excellence is vital in the energy industry. Accurate document management is crucial in order to manage and maintain properly the energy generation and transportation facilities, installation and other assets;
  • Companies in Energy Sector are Enhancing Multichannel Experiences to Engage Customers and meet their needs effectively;
  • Companies in Energy Sector are Positioning at the Center of an Ecosystem Selling Energy and Non-Energy services
  • Digitization, Cloud, Mobility, Big Data and Analytics are driving a number of technology trends that have immense potential to improve the efficiency of the energy industry;
  • Machines are becoming smarter, machine-to-machine communication becomes more prevalent and software intelligence is being embedded into every aspect of a business, helping drive new levels of operational efficiency and innovation, enabling significant cost and process efficiencies.
  • While factories were the platforms driving the Industrial Revolution, computer and communications platforms have driven the information and connectivity disruptions of the past 30 years. Now, digital platforms are the next wave of change. The platform revolution will offer an opportunity to develop an entire system for electricity and beyond, spanning the digital and physical worlds.
  • Digital Transformation is using the power of digital technologies to reshape the business models around the actual trends (digital transformation, cloud, mobility, IoT).
  • 45% - The percentage of electricity industry profits that are at stake from digital transformation (through value addition and migration) over the next decade.

Source: World Economic Forum / Accenture research

Solution profiles for Energy and Utilities industry

Reduce costs, increase operational efficiency and ensure regulatory compliance

Solution Profile  1

Supplier Invoice Processing

Invoices received from suppliers can be processed quickly and efficiently by using this solution, which helps both the specialized financial departments, and the persons that order and receive goods and services. The solution allows the automatic processing of invoices from suppliers and their "linking" to the order or agreement, as well as the associated reception notification. Using BPMS type techniques and electronic archiving, it manages current invoices, as well as the invoices from the historical archive and their associated documents (NVR, Notices, Difference protocol). The solution allows as well the synchronization of invoice associated metadata and the creation of links...
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Solution Profile  2

Digital Mailroom and Correspondence Management

Transform your mailroom into a valuable strategic asset for your organization. With enterprise class functionalities for registration, scanning, data capture and automatic document routing capabilities your knowledge workers can harness the entire power of information exactly when they need it for better and faster business decisions.   Digital Mailroom Use advanced document capture, classification, data extraction and business workflow integration to digitize and intelligently route all of your company correspondence reducing cost, freeing up valuable resources and improving business productivity.   Electronic Registry Eliminate the risk of losing documents or erroneous classification using a companywide centralized electronic registry ensuring document...
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Solution Profile  3

Property Documentation Management

Technical Locations Management  - customers' documents are imported and managed in the folder structure of this application, based on a client classification periodically imported from ERP. Their organization is realized according to the distribution network that they belong to. For each new document, the system automatically generates a unique registration number.
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Solution Profile  4

Electronic Archive Management

StarCapture application transforms paper documents into electronic documents and extracts the useful information, allowing later quick access and capitalizing them throughout the organization, reduce the storage costs and the use of paper documents.
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Solution Profile  5

Virtual Data Room

Financial institutions continue to struggle with information overload and paper processing. Legacy systems can’t manage all types of content that are part of the case. Virtual customer file is thus the right solution. What is a Virtual Customer File? Contains processes, tasks, data and documents; Some activities can be shared by multiple users; Declares reached milestones; All aspects are visible; Contains policies for decisions and how information is managed; Collaborations - accounting for how and why decisions were made.
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Solution Profile  6

Technical Documentation Management

Technical Documentation Management solution is a component of "Star Storage Solutions Factory - Real Business Solutions, not Platforms!". Technical Documentation Management - it allows the tree organization of documents - downstream, midstream and upstream -  structured on hierarchical levels (stations, station projects, functioning, etc.);
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Solution Profile  7

Engineering Documentation Management

It is a ‘Pre Built’, configurable solution aimed at the oil and gas market place. Ready for rapid deployment and reuse of projects and processes. It is a “Pre-Build” solution that enable oil and gas companies to accurately manage their engineering documentation and communication processes in a consistent and controlled way. Provides an unique place for storing the project documentation in order to reuse anytime, anywhere this documentation. The engineering and operations teams benefit from a single source of information for the project deliverables with security aligned with everybody’s roles and responsibilities at every stage of the project (design /...
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Case studies

Organization workflow at Electrica


SC Electrica S. A. is a Romanian company, owned by the state, under the subordination of the Ministry of Economy, Trade and Business Environment (Ministry of the Economy), having as main activity the distribution and supply of electricity.

Throughout its 13 years of activity in manufacturing and distribution of electricity, S.C. Electrica S.A., managed and archived contracts and associated documents (annexes, invoices and orders) in different locations, generating this way an impressive volume of documents, which in time become a challenge in terms of accessing information. In addition, contracts information were stored in various applications without having a centralized evidence. Thus, S.C. ELECTRICA S.A. employees had limited control and an incomplete view over information contained within contracts, thing that made more difficult the activities within the organization and the speed of responses to the requests from outside the organizations (partners and customers).


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